Yale May Consider Exiting Private Funds in Social Investment Shift

Yale University (CT), facing pressure to address ethical issues like gun violence, may consider exiting private equity and hedge fund investments that it deems socially irresponsible.  Yale, which has about 60 percent of its $29.4 billion endowment in such alternative assets, made the statement as part of its ethical investment policy. The Ivy League school said it will work with its outside managers to adhere to its standards.